International Arbitration (Amendment) Bill

The International Arbitration (Amendment) Bill seeks to enhance the International Arbitration Act by establishing a default procedure for appointing arbitrators in multi-party arbitrations and clarifying powers related to confidentiality obligations. The amendment allows for procedures involving 2 or more parties for appointing arbitrators and sets specific timelines for these appointments. It grants the arbitral tribunal, High Court, or a Judge the authority to enforce confidentiality obligations agreed upon by the parties. Transitional provisions are included to apply amendments to ongoing and new arbitral proceedings. The bill will not involve any additional public expenditure.